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PUNE, India, November 5, 2020 (GLOBE NEWSWIRE) – The Global Cold laser therapy Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights into key developments, business strategies, research and development, supply chain analysis, competitive landscape, and market composition analysis.
The cold laser therapy market was worth $ 350 million in 2019 and is projected to reach $ 675 million by 2030 with a CAGR of 6.6%. Cold laser therapy is one of the methods used for pain management. It is also known as low-level laser therapy (LLLT) and is a type of non-invasive treatment. Patients suffering from acute and chronic pain are treated with cold laser therapy for quick relief. Compared to surgical and aesthetic lasers, these devices do not heat the tissue being treated. Both superficial and deep tissues can be treated with the help of different wavelengths. There is a good demand for cold laser therapy devices from physiotherapists around the world. The devices used for therapy are handy and light. The devices are therefore battery powered, easy to maintain. A wide range of applications, from sports injuries to arthritis, are treated with the help of cold laser therapy. They aim at the biostimulation of cells in the body for positive results, including improving the immune system response, rapid protein synthesis, and so on.
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Cold laser therapy is gaining popularity as a modality among chiropractors and physiotherapists around the world. The United States FDA recently approved Erchonia’s low-level laser therapy devices for the treatment of chronic musculoskeletal pain. This confirms that the laser is the technology of the future. Professionals began to experience the multiple benefits and then included it as one of the important modalities. The number of recommended sessions varies according to the severity of the injury. In most cases, cold laser therapy is combined with other modalities for better results. Many global device manufacturers are investing in advancing cold laser therapy devices. The increased acceptance of these devices by physiotherapists and chiropractors should set a growth path for this modality until 2030.
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The convenience of the devices is an additional advantage
Providing efficient and timely results in treating an injury is the main benefit of cold laser therapy. Along with this, being handy in nature and ease encourages the use of cold laser therapy devices. Single clinic operators face space constraints and the portability of these devices helps professionals make an easy decision. Device manufacturers provide in-depth training on device operation and promptly handle the after-sales needs of professionals.
The increased incidence of musculoskeletal pain and attention to skin disorders support the increasing request
Cases of musculoskeletal pain have increased due to the sedentary lifestyle around the world. The effectiveness of cold laser therapy makes it a preferred choice among physical therapists in the treatment of chronic muscle pain. Almost a third of the population in the United States suffer from musculoskeletal pain. Traditional practices implemented by chiropractors and therapists are being replaced with modalities such as cold laser therapy. The misconceptions associated with laser treatment have been addressed by device manufacturers. Cold laser therapy treatment is completely free from any tissue heating or any similar side effects. The population suffering from skin disorders is aware first and ready to receive the best care available. It is a result-driven solution and therefore the choice of dermatologists.
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Solo clinics are the category of buyers that generate the most revenue
Hospitals, individual clinics, and home care are the three broad categories of buyers of cold laser therapy devices. Solo clinics represent the highest revenue generation in the world. Physiotherapists, chiropractors and occupational therapists work through their individual clinics along with counseling in a multi-specialty hospital. The volume of solitary clinics exceeds that of hospitals for obvious reasons. Clinic operators ensure careful choice of devices with respect to investment and delivery of results.
Asia Pacific region it holds a high potential compared to the western regions
The demand for cold laser therapy is increasing in Asian countries such as Australia, China, India and so on. Professionals across the region are aware of the biological benefits and have recommended the same to their patients. Patients are gradually overcoming the misconceptions associated with lasers in general and are therefore open to cold laser therapy. That said, the western continents are maintaining demand through the education of professionals, therapists and patients.
Major players active in the global cold laser therapy market include BTL, Apira Science, BioLight Technologies LLC, Erchonia Corporation, Good Energies, Irradia, Meditech International, Inc., Theralase Technologies, Inc., THOR Photomedicine Ltd.
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